The bond market’s assessment also jibes with SpaceX’s stock. It’s a profitless, non-dividend-paying, one-person-controlled, empire-building project trading at more than 100 times sales, about 30 times the valuation of the S&P 500 Index. That’s the very definition of a junk stock.

Original link: https://www.bloomberg.com/opinion/articles/2026-07-02/spacex-is-junk-that-s-what-the-bond-market-says

you are viewing a single comment's thread
view the rest of the comments
[–] 6 points 2 months ago

To clarify, the problem with starlink is that the investment is mostly done (they have the projected number of sats in orbit, give or take a couple thousands) so there is no rational reason for them to raise billions in cash.

In a rational world it would now have to prove itself on its own dime.

  • source
  • parent